【LITE-ON Technology】Board of Directors Approves Authorizing Chairman to Negotiate Purchase of Land and Factory for Subsidiary LITE-ON, INC.
LITE-ON Technology's Board of Directors has authorized the chairman to negotiate the purchase of land and factory in the United States for its subsidiary, LITE-ON, INC., with a budget of up to US$110 million.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 09:00
- 🔍 Collected: April 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 30, 2026 at 08:08 (7 min after Collected)
1. Date of occurrence of the event: 2026/04/29
2. Company name: LITE-ON, INC.
3. Relationship with the company (please enter 'parent company' or 'subsidiary'): Subsidiary
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: To meet customer demand and future operational growth, the company's indirectly wholly-owned U.S. subsidiary, LITE-ON, INC., plans to acquire land and a factory in the United States. The board of directors has authorized the chairman to negotiate transaction details and sign contracts with the seller, not exceeding a total amount of US$110,000 thousand.
6. Countermeasures: Will be handled in accordance with the company's "Procedures for Acquisition or Disposal of Assets."
7. Other matters to be specified (If the event occurs or the resolving entity is a public company or above, this major announcement also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices): This case will comprehensively consider overall transaction costs and applicable government incentive programs.
2. Company name: LITE-ON, INC.
3. Relationship with the company (please enter 'parent company' or 'subsidiary'): Subsidiary
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: To meet customer demand and future operational growth, the company's indirectly wholly-owned U.S. subsidiary, LITE-ON, INC., plans to acquire land and a factory in the United States. The board of directors has authorized the chairman to negotiate transaction details and sign contracts with the seller, not exceeding a total amount of US$110,000 thousand.
6. Countermeasures: Will be handled in accordance with the company's "Procedures for Acquisition or Disposal of Assets."
7. Other matters to be specified (If the event occurs or the resolving entity is a public company or above, this major announcement also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices): This case will comprehensively consider overall transaction costs and applicable government incentive programs.